6 Dec 1999
WOTTA CO. LTD. AND ANOTHER v. THOMAS BRIAN STEVENSON AND ANOTHER
- Citation
- WOTTA CO. LTD. AND ANOTHER v. THOMAS BRIAN STEVENSON AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCMP3965/1999
The court granted a permanent stay because the applicants (the only members) demonstrated sufficient grounds: the company has a viable commercial purpose as foreign investor in prospective Indonesian operations, there are no unpaid creditors or liabilities, liquidation expenses are covered, the liquidators identified no irregularities and the Official Receiver does not oppose, and no public interest required refusal.